This was built at the behest of King Rama VIII on the occasion of the city's 150th anniversary together with the Puttayodfa Bridge (Memorail Bridge) across the Chao Phraya River.

HRH Prince Naris designed the memorial, and Prof. Silpa Bhirasri sculpted the figure and cast it in bronze. In front of the monument is a concrete wall with a marble plaque bearing the legend, "Pathom Borommaratcha Chakri Wong" (Founder of the Chakri Dynasty) together with a carved depiction of elephants